Historical Society Inc Clay County
EIN: 237024022 · Vermillion, SD
| Metric | Value |
|---|---|
| Total Expenses | $26K |
| Net Assets | $140K |
Is Historical Society Inc Clay County Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Historical Society Inc Clay County
Historical Society Inc Clay County (EIN: 237024022) is a nonprofit organization based in Vermillion, SD. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historical Society Inc Clay County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historical Society Inc Clay County is a micro nonprofit that has been operating for 57 years, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of 20.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $26K |
| Surplus / Deficit | $-10,302 |
| Total Assets | $301K |
| Total Liabilities | $161K |
| Net Assets | $140K |
| Operating Margin | -67.7% |
| Debt-to-Asset Ratio | 53.5% |
| Months of Reserves | 141.3 months |
Financial Health Grade: C
In 2016, Historical Society Inc Clay County reported a deficit of $10K with expenses exceeding revenue, holds 141.3 months of operating reserves (strong position), has a debt-to-asset ratio of 53.5% (high leverage).
Financial Trends
Over 5 years of filings (2012–2016), Historical Society Inc Clay County's revenue has grown at a compound annual growth rate (CAGR) of 20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -32.5% | -28.9% | -6.4% |
| 2015 | +210.0% | +170.0% | -0.2% |
| 2014 | +20.6% | +18.4% | +4.0% |
| 2013 | -16.5% | -21.7% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Historical Society Inc Clay County has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Historical Society Inc Clay County with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.5%.
Frequently Asked Questions about Historical Society Inc Clay County
Is Historical Society Inc Clay County a legitimate charity?
Historical Society Inc Clay County (EIN: 237024022) is a registered tax-exempt nonprofit based in South Dakota. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Historical Society Inc Clay County spend its money?
Historical Society Inc Clay County reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Historical Society Inc Clay County tax-deductible?
Historical Society Inc Clay County is registered as a tax-exempt nonprofit (EIN: 237024022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Historical Society Inc Clay County located?
Historical Society Inc Clay County is headquartered in Vermillion, South Dakota and files with the IRS under EIN 237024022.
How many years of IRS 990 filings does Historical Society Inc Clay County have?
Historical Society Inc Clay County has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Historical Society Inc Clay County showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Historical Society Inc Clay County's revenue has grown by 110.6%, moving from $7K to $15K. Total assets increased by 2.8% over the same period, from $292K to $301K. Total functional expenses rose by 78.1%, from $14K to $26K. In its most recent filing year (2016), Historical Society Inc Clay County reported a deficit of $10K, with expenses exceeding revenue. The organization holds $161K in liabilities against $301K in assets (debt-to-asset ratio: 53.5%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $15K | $26K | $301K | $161K | — | View 990 |
| 2015 | $23K | $36K | $321K | $171K | — | View 990 |
| 2014 | $7K | $13K | $322K | $159K | — | View 990 |
| 2013 | $6K | $11K | $309K | $140K | — | View 990 |
| 2012 | $7K | $14K | $292K | $118K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $15K, expenses of $26K, and assets of $301K (revenue -32.5% year-over-year).
- 2015: Revenue of $23K, expenses of $36K, and assets of $321K (revenue +210.0% year-over-year).
- 2014: Revenue of $7K, expenses of $13K, and assets of $322K (revenue +20.6% year-over-year).
- 2013: Revenue of $6K, expenses of $11K, and assets of $309K (revenue -16.5% year-over-year).
- 2012: Revenue of $7K, expenses of $14K, and assets of $292K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historical Society Inc Clay County:
Data Sources and Methodology
This transparency report for Historical Society Inc Clay County is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.